Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current Assets:
Cash and cash equivalents	$ 254,339	$ 315,383
Receivables, net	290,568	276,841
Inventories (Note 6)	198,194	203,647
Other current assets	25,443	22,918
Total current assets	768,544	818,789
Property, Plant and Equipment:
Cost	1,752,932	1,762,135
Less: Accumulated depreciation	(1,125,390)	(1,122,818)
Property, plant and equipment, net	627,542	639,317
Goodwill, net	23,059	26,086
Other intangible assets, net	15,819	15,352
Long-term investments (Note 3)	22,209	28,227
Operating lease assets	36,248	38,386
Other non-current assets	12,879	13,210
Total assets	1,506,300	1,579,367
Current Liabilities:
Current maturities of long-term debt (Note 14)	23,571	23,571
Accounts payable	187,941	194,276
Accrued liabilities	98,646	121,267
Total current liabilities	310,158	339,114
Deferred income taxes	23,133	23,391
Long-term debt, less current maturities (Note 14)	198,566	198,532
Non-current operating lease liabilities	27,960	29,654
Other non-current liabilities	79,011	96,180
Commitments and Contingencies (Note 8)
Equity:
Common stock, $1 par value; authorized 60,000,000 shares; Issued 26,540,546 shares in 2020 and 26,493,335 shares in 2019	26,541	26,493
Additional paid-in capital	195,661	193,135
Accumulated other comprehensive loss (Note 11)	(176,546)	(136,170)
Retained earnings	943,807	922,464
Less: Common treasury stock, at cost, 4,074,935 shares in 2020 and 3,979,735 shares in 2019	(122,685)	(114,139)
Total Stepan Company stockholders' equity	866,778	891,783
Noncontrolling interests (Note 2)	694	713
Total equity	867,472	892,496
Total liabilities and equity	$ 1,506,300	$ 1,579,367

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).